The majority (94%) of respondents aged over 55 who participate in a workplace pension scheme are glad they opted to do so, according to research by Aviva.
Its Real retirement report, which surveyed almost 18,000 UK consumers aged over 55, examines the financial pressures affecting the UK’s three ages of retirement: those between the ages of 55 and 64 (pre-retirees), those between the ages of 65 and 74 (the retiring), and those over 75 (the long-term retired).
The research found that 38% of respondents would recommend starting a workplace pension earlier than they did, with only 35% opening one before they were 30.
It also found that more than a quarter (27%) of respondents aged over 55 cited having money to live comfortably in retirement as the most important factor, more so than sharing retirement with a partner (17%) or a happy family life (12%).
The research also found:
- Among the over-55s, just 15% chose their original or main career because of salary, with men (19%) far more likely than women (10%) to have done so.
- Half (50%) of over-55s would advise their younger self to save more on a monthly basis, with 40% emphasising the importance of making better use of savings products, such as independent savings accounts (Isas).
- 51% of over 55s see freedom from stress as the most important benefit of financial stability in later life.
- 48% have had to sacrifice their original retirement plans, such as travelling or holidays.
- Almost one in five (16%) have had to continue working part-time as a direct result, and a similar number (15%) have had to continue working full-time.
Clive Bolton, managing director of the At Retirement business at Aviva, said: “Some people may be tired of hearing about the importance of saving for retirement, but listening to those who know what it means to be retired in 2013 leaves little doubt that financial stability can, in fact, buy happiness, and certainly help towards a stress-free lifestyle.
“These findings suggest there is no magic recipe or secret formula that works better than regular saving and prudent decision making, whether that means taking steps towards paying off a mortgage or seizing opportunities to pay into pension schemes.
“Clearly, the pressure of living costs and economic difficulties mean some over-55s find themselves in a less-than-comfortable position and harbour regrets about the past as retirement looms.
“It is important to remember there is a range of financial choices open beyond the age of 55 that can work to steer their finances back on track and help deliver the stress-free retirement they aspire to.”
We receive many calls where people are looking for independent information on their pension or to be signposted about who to talk to about existing pension benefits.
We are starting to receive calls from people who have been auto-enrolled into their company pension scheme and want more information about what it means for them. As reflected in this research, when it is explained to them, most people see it as a positive step which is further evidence that there is an intent is to save for retirement.
Our role is to provide them with information and signpost them on the next steps. Hence, we believe that the big win is to provide people with information to make them more confident to tackle their retirement savings.
The message seems to be getting across – for many people through experience – that having enough money to live in some degree of comfort in later life is second only to good health in importance.
To an extent, this sentiment is evident from the initial low levels of opt-outs from the current auto-enrolment programme, which is currently in its early stages. People appear to be becoming more aware of the need to save for their old age and not to rely completely on the government to provide for them.
There is no doubt that we are a long way off resolving the demographic time bomb. Finding the money to pay into a pension is still a challenge and many people are continuing to sleep walk into a financially uncertain old age.
We must continue to demystify pensions as a savings vehicle, to make them simpler and more understandable to ordinary people and ensure that they deliver better outcomes than some have achieved in the past. Auto-enrolment is a start, but will require much larger minimum contribution levels sooner rather than later if it is to succeed in the years ahead.
In the meantime, the findings of the Aviva report give some cause for optimism in terms of attitude and willingness to save, assuming financial pressures allow. As the Beatles observed back in the sixties ‘Money can’t buy you love’, but what it might be able to do is give you contentment and a much better life in your later years.
cheap Detroit Lions jerseys gucci handbags cheap Houston Texans jerseys mbt outlet wholesale nfl jerseys authentic nfl jerseys ??? http://www.ocwatersummit.com/Source/style.html
http://graduates.sgu.ru/scripts/prada.html
http://www.americanzenteachers.org/chanel-us.html
http://www.buc.edu.om/refinished.html
http://www.outletlouboutinshop.co.uk/
http://www.thesandringhampractice.co.uk/lansdorp.html
http://www.buc.edu.om/refinished.html
http://www.innotect.de/scale.html
http://www.thegeorgiaguidestones.com/Wholesale-Jerseys.html
http://www.thegeorgiaguidestones.com/Wholesale-Jerseys.html
mulberry710bagsS
In case your tooth are washed regularly, and also you aren’t satisfied with the lighting of your own laugh, then keep reading to find out information and facts about teeth whitening your teeth, so you can decide what will continue to work to further improve your smile. You can use a lots of various ways for whiter tooth: make sure you consider all your possibilities. nike air max 90
When selecting an existence insurance plan, look into the quality of the business you decide on. The company that keeps your coverage should certainly support it. It can be excellent to understand when the firm that keeps your insurance policy will stay all around to support the policy if needed and eventually be close to to pay the key benefits of the loss of life. nike air max 90
Marketing and advertising can be challenging, specifically a reduced business with limited investment capital. Discover the ropes and get used to experiencing yourself about the small display screen you could become the spokesperson for any very successful organization! Continue to keep these guidelines under consideration, get artistic in your approach enjoy yourself from it!How To Pick The Best Email Marketing Software nike air max 90
People suffering from diabetes don’t have to give up that fairly sweet tooth just because of the problem. There are numerous web sites offered that provide sugars-totally free tasty recipes and concepts for muffins, cupcakes along with other wonderful snacks. Grocery and health food stores have segments particularly established for glucose-free and diabetes candy. nike air max 90
Prevent line-drying your clothing, or linens if you suffer from allergic reaction, especially throughout the early spring. Even though the aroma and really feel of refreshing, range-dehydrated laundry can be a handle. Additionally, it may cause you to unpleasant whenever you attract plant pollen from in the open air. Utilize the clothing clothes dryer when plant pollen levels are at their optimum. Understand that the price of a stock consists of a lot more than simply its cost. It really is definitely easy for a pricey carry being undervalued, as well as for a carry that is certainly really worth cents to be drastically overvalued. When deciding if you should purchase a particular supply, there are various other things to consider that happen to be more significant. The buying price of a inventory needs to be just one tiny part of the decision. nike air max 90
One of the best points that can be done as a way to lower the likelihood of experiencing acne is by eating meals that may be rich in zinc. Zinc is really a all-natural anti-bacterial representative that is essential in lowering the essential oil production of the skin. Research shows that zinc insufficiency may cause bad acne. nike air max 90
It is best to review your month to month charge card claims meticulously and search for any errors or discrepancies. If you find an issue that is wrong, tell your charge card company in composing, allowing you to have confirmation that you tried to make contact with them regarding the dilemma. This will likely keep your budget in very good purchase. nike air max 90
It can be no magic formula that, nowadays, couponing is very popular. Heck, at one time when couponing wasn’t a good expression. Now, it’s a fundamental element of pretty much everyone’s vocabulary! If you wish to realize how to get the most from your couponing ventures, look at this educational article. nike air max 90
Use lots of fantastic content material while you are setting up your Fb web page. There is certainly nothing even worse to get a customer than attending a organization webpage you are looking at and getting very little useful information and facts. Spend some time to answer any queries they can have ahead of time with all the content material you put in your web page. nike air max 90
Because job could be such a main method to obtain daily stress, produce your own personal techniques as a way to leave that work pressure at your workplace and from your residence. Whether it’s halting about the way house to struck several the game of golf balls, cranking the favorite audio about the radio, or calling a dependable friend or family member, finding a approach to take on anxiety from function can keep your work obligations from penetrating your property. The dream about getting a property of your very own continue to is out there, despite the fact that property has been around a downward cycle the last few years. If you are looking at getting a house of your own, you must do some research on your own on rates and the way significantly homes in the area are in reality selling for. It is not best if you depend on your realtor to complete the study for you personally, or make sure you get the very best selling price. You might possibly save a lot of cash by merely spending some time doing some on-line research and you might also get yourself a really great bargain in your fantasy residence. nike air max 90
Hi there! I just would like to offer you a big thumbs up for the great information you have got right here on this post. I’ll be coming back to your web site for more soon. maillot psg enfant Hello, I log on to your new stuff regularly. Your story-telling style is witty, keep doing what you’re doing! maillot france 2014 I have been surfing online more than 3 hours nowadays, yet I by no means found any interesting article like yours. It is lovely worth enough for me. Personally, if all webmasters and bloggers made just right content material as you did, the net can be much more useful than ever before.